Coastal sections grabbed quickly

Wednesday 7 January 2004

Hot demand for coastal properties has seen most of a Golden Bay subdivision sell out in a matter of days.

By The Landlord

Twenty of 26 sections behind the existing Paton's Rock settlement sold within a week of going on the market on December 26.

The subdivision is being developed by a syndicate called Kahikatea Rise Ltd. The company is proposing a second stage development of a further 26 sections.

First National Real Estate agent Helen Hodgkinson said it was the first subdivision to have been proposed in Paton's Rock for many years and a lot of people had been "waiting in the wings".

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